Interested in trading some of the top cryptocurrency assets in the world? Bitcoin Up is a crypto trading platform that claims to give users trading access to Bitcoin and some of the best altcoins in the space.
In this Bitcoin Up review guide, we assess this trading platform’s authenticity by analyzing the website, other user reviews and going through the available features.
Bitcoin Up Platform Overview
Before starting our Bitcoin Up review, the table below offers an overview of what to expect from this trading platform. Keep reading to learn more about the available assets, minimum deposit, and withdrawal speed on Bitcoin Up.
Type of Trading
Crypto
Success Rate
Not Specified
Cryptocurrencies Available
BTC, ETH, ETC, ADA, and more
Available on Mobile?
No (But accessible via mobile browsers)
Withdrawal or Deposit Fees
None
Customer Support
Live Chat and Email
Withdrawal Speed
24 hours
Minimum Deposit
$250
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
What is Bitcoin Up?
By the looks of the platform website, Bitcoin Up is a trading platform that allows all members to begin trading cryptocurrency assets. Currently, many users will be interested in investing in the crypto markets due to the upward movement being witnessed.
After some of the best cryptocurrency tokens, such as Bitcoin (BTC) and Ethereum (ETH), corrected throughout 2022, the markets are slowly performing better. Bitcoin, for instance, is up by 70% since the start of 2023. This has paved the way for other altcoins, such as Ethereum and Cardano, to trade upwards.
Bitcoin Up lists several digital currencies that may be available to trade. Some of the best altcoins, including Cardano (ADA), Binance Coin (BNB), Ethereum Classic (ETC), Litecoin (LTC), and Ripple (XRP), are included in this list.
By reading other Bitcoin Up reviews, we have discovered that this organization claims to support a paper trading account and a customer support team.
While there is no confirmation as to who the platform founders are, there are rumors of multiple celebrities being involved with the creation of this platform. We debunk these theories in the sections below.
After researching Bitcoin Up on customer review portals such as Trustpilot, we could not find a concrete amount of testimonials. For this reason, it is slightly difficult to confirm the authenticity of Bitcoin Up’s claims.
Who Created Bitcoin Up?
As mentioned above, the Bitcoin Up creators have chosen to stay anonymous. The platform website gives no information about the founding team or the staff working to develop this organization.
There is also no information about the platform on any popular social media platforms.
Bitcoin Up Pros & Cons
The sections below discuss some of the pros and cons of the Bitcoin Up platform.
Pros Cons
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How Does Bitcoin Up Work?
Bitcoin Up does not provide full access to its trading dashboard until one creates a new account by filling in their personal information. After the account is registered, users must deposit at least $250 with Bitcoin Up.
It is only then that Bitcoin Up gives access to its trading account. Therefore, we are unaware of the involved features, price alerts, or trading indicators that this platform offers. According to the Bitcoin Up website, users can integrate their account with Meta Trader 4 and Web Trader – other web-based trading platforms.
These are popular platforms since they allow traders to buy and sell different assets and leverage hundreds of trading indicators and price charts. Apart from this, Bitcoin Up offers very little information on the platform.
Due to the high minimum deposit amount, it is important for all interested parties to carefully go through the Bitcoin Up website and read all the terms and conditions before investing.
Which Devices can be Used to Access Bitcoin Up?
Interested in accessing the Bitcoin Up trading platform? Users can apparently do so by accessing the website with the following devices:
- Mobile phones (Web-based browsing)
- Laptops and Desktops
- iPads and other Tablets
Notably, Bitcoin Up does not offer a separate mobile trading app.
Bitcoin Up – Supported Countries
After reading through other reviews on this platform, we have found that Bitcoin Up claims to be available in the countries mentioned below:
- United Kingdom
- United States of America
- Brazil
- Canada
- South Africa
- Italy
Bitcoin Up – Top Features
Now, let’s take a closer look at some of the top features that Bitcoin Up has to offer:
Trade some of the Top Cryptocurrencies
With Bitcoin Up, one can buy and sell some of the top cryptocurrency assets. Bitcoin and Ethereum, two of the largest tokens in terms of market capitalization, are apparently available to trade on this platform.
Users can also trade other altcoins such as Dash (DASH), Bitcoin Cash (BCH), and Iota (MIOTA).
Paper Trading Account
The Bitcoin Up trading platform claims to offer a paper trading account – which lets investors make trades with pre-loaded virtual funds. A paper trading account has zero risk attached to it, since one will be trading with paper money.
This account can be beneficial to verify certain trades’ profitability and leveraging new trading indicators for practice.
Trade Commission-Free
Notably, Bitcoin Up claims to charge zero commission on trades. Furthermore, there are no added trading fees or subscription costs that users are required to complete.
Is Bitcoin Up Legit or a Scam?
To analyze the legitimacy of Bitcoin Up’s trading platform, we have reviewed all the details mentioned on the website, read other platform reviews, and analyzed client testimonials through Trustpilot.
Our overall consensus, along with other Bitcoin Up reviews, is neutral. This is due to the lack of concrete evidence and information the platform lets out. For instance, we were made aware of features such as demo trading accounts but cannot confirm these claims.
This is due to the anonymity of the founders, the lack of social media platforms, and the limited information available on the Bitcoin Up website itself. We recommend that each interested party be aware of all the risks involved in trading cryptos before making any investment decisions.
What is the Minimum Deposit on Bitcoin Up?
On Bitcoin Up, one is required to make a minimum deposit of $250. This payment can be made using payment options such as credit and debit cards. E-wallets such as PayPal may also be used.
Bitcoin Up Reviews
From assessing other Bitcoin Up reviews, we have confirmed that this organization does not let out too much information about its trading operations and services. Other reviews have also talked about the demo accounts and commission-free features but have been unable to verify these claims.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Do any Celebrities Endorse Bitcoin Up?
Due to the anonymity of the Bitcoin Up creators, there have been rumors of several high-profile businessmen being involved with the creation of this trading platform.
Many believe that Elon Musk, the founder of Tesla, may have something to do with this platform. After going through various Reddit threads and websites, we can confirm that these rumors have no substance. Elon Musk does not endorse or use this trading platform.
Others suggest that Jeff Bezos, the creator of Amazon, may be using Bitcoin Up. While Bezos’ leadership skills have resulted in the creation of a trillion-dollar global company, he has not ventured into any crypto trading platforms yet. We have found nothing to suggest that Bezos uses Bitcoin Up.
Finally, some state that Martin Lewis, an English-based financial journalist, uses Bitcoin Up. We can confirm that these theories are also false.
Bitcoin Up Customer Support
From reading other reviews and articles, we learned that Bitcoin Up claims to offer a customer support team. One can apparently access the team through email and live chat if they have any questions related to their trading accounts.
How to Get Started With Bitcoin Up
Interested in trading with Bitcoin Up? The sections below will show users how to create a new account and start trading with this platform:
Step 1: Visit the Bitcoin Up website
Head to the Bitcoin Up website and start filling in the registration form that you see on the home screen.
Enter your full name, phone number, and email address to complete the form.
Step 2: Deposit
Bitcoin Up requires all users to make a minimum deposit before accessing the trading dashboard. Enter the amount you wish to deposit (at least $250), select a valid payment method, and confirm the transaction.
Step 3: Start Trading Cryptocurrencies
After the payment is confirmed, Bitcoin Up claims to give users access to the dashboard. You can search for your preferred cryptos, enter the investment amount, and start trading.
How to Delete Bitcoin Up Account?
Bitcoin Up members can supposedly delete their trading accounts from the main menu. Unfortunately, Bitcoin Up does not offer more information on how to go about this process.
Latest Crypto News
Before trading Bitcoin and other cryptocurrency tokens, let’s take a look at some of the top stories and news pieces prevalent in the crypto markets:
- Ripple’s native token, XRP, has rallied by over 20% in the last 24 hours, despite the ongoing lawsuit with the SEC (U.S Securities and Exchange Commission).
- Bitcoin has soared by more than 27.6% in the past two weeks. The cryptocurrency is trading above the $28K levels.
- More than $3 billion have been pulled from the popular stablecoin USDC in the past three days.
Is Bitcoin Up Legit? – The Verdict
Our Bitcoin Up review has aimed to analyze this crypto trading platform’s authenticity. While we have discovered that Bitcoin Up offers features including demo trading accounts, quick withdrawal speeds, and customer support, there is little information to back these claims.
The limited number of client testimonials makes verifying public feedback difficult. Furthermore, the founders of Bitcoin Up have chosen to stay anonymous at this time.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
FAQs
What is Bitcoin Up?
Bitcoin Up is a crypto trading platform that claims to give trading access to some of the top digital assets in the space. These include Bitcoin, Ethereum, XRP, ADA, and other altcoins.
Does Elon Musk use Bitcoin Up?
No, we have found no evidence to suggest that Elon Musk uses Bitcoin Up.
Who is the founder of Bitcoin Up?
As of now, the Bitcoin Up founders have chosen to remain anonymous.
Based in Wembley, England, Viraj graduated from the University of Surrey before pursuing an internship at DBS Bank in New Delhi. Following that experience, Viraj pivoted to a personal passion - creative writing - quickly becoming a top-rated Upwork freelancer and gaining further experience on OwlRatings. Currently Viraj is now part of the Techopedia team lending his knowledge of the financial markets to the site, reviewing trading platforms and offering tips for beginners to investing. In his spare time he also enjoys script writing.
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